Q - BAXTER INTERNATIONAL
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
BAX$26.42+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (Loss)
Condensed Consolidated Statements of Income (Loss) (unaudited)
(in millions, except per share data)
| Three months endedJune 30, | Six months endedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $2,810 | $2,694 | $5,435 | $5,184 |
| Cost of sales | 1,819 | 1,663 | 3,583 | 3,192 |
| Gross margin | 991 | 1,031 | 1,852 | 1,992 |
| Selling, general and administrative expenses | 718 | 723 | 1,421 | 1,452 |
| Research and development expenses | 134 | 130 | 274 | 250 |
| Other operating income, net | (52) | (1) | (92) | (4) |
| Operating income | 191 | 179 | 249 | 294 |
| Interest expense, net | 58 | 86 | 122 | 164 |
| Other (income) expense, net | — | (24) | (3) | (33) |
| Income (loss) from continuing operations before income taxes | 133 | 117 | 130 | 163 |
| Income tax expense (benefit) | 11 | 22 | (56) | 62 |
| Income (loss) from continuing operations | 122 | 95 | 186 | 101 |
| Income (loss) from discontinued operations, net of tax | (31) | (406) | 31 | (373) |
| Net income (loss) | 91 | (311) | 217 | (272) |
| Less: Net income attributable to noncontrolling interests included in continuing operations | — | — | — | — |
| Less: Net income attributable to noncontrolling interests included in discontinued operations | — | 3 | — | 5 |
| Net income attributable to noncontrolling interests | — | 3 | — | 5 |
| Net income (loss) attributable to Baxter stockholders | $91 | $(314) | $217 | $(277) |
| Income (loss) from continuing operations per common share | ||||
| Basic | $0.24 | $0.19 | $0.36 | $0.20 |
| Diluted | $0.24 | $0.19 | $0.36 | $0.20 |
| Income (loss) from discontinued operations per common share | ||||
| Basic | $(0.06) | $(0.81) | $0.06 | $(0.74) |
| Diluted | $(0.06) | $(0.80) | $0.06 | $(0.74) |
| Income (loss) per common share | ||||
| Basic | $0.18 | $(0.62) | $0.42 | $(0.54) |
| Diluted | $0.18 | $(0.61) | $0.42 | $(0.54) |
| Weighted-average number of shares outstanding | ||||
| Basic | 513 | 510 | 512 | 509 |
| Diluted | 514 | 511 | 514 | 510 |
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